Gehring and copperING will join forces in the future. The Gehring Group, a system supplier and specialist in the field of production technology for internal combus-tion engines, expands its product portfolio by merging with copperING, which pro-vides machines and equipment for the production of electric motors.
The Gehring and copperING Group unite their global product portfolio and thus establish themselves as a supplier for production systems in both conventional and electrified powertrain segments. The agreed merger in execution is a key component in the global strategy of both companies to meet changing market demands.
Gehring, as a global automotive supplier with more than 90 years of experience, is the technology leader for honing cylinders in combustion engines. Gehring contributes towards the reduction of CO2 emissions from modern engines, with its innovative technologies such as honing and coating. However, electromobility is indispensable for the automotive industry in order to achieve future CO2 emission reduction targets.
copperING, with locations in Wernigerode (Germany) and Nuvolera (Italy), has extensive experience as a manufacturer of production technology in the field of electrical powertrains. The company focuses on the main processes for the production of rotors and stators, which are particularly suitable for use in the traction drives of electrified vehicles.
The integration of copperING into the Gehring Group will enable customers to receive a wide range of innovative production technologies for their various drive concepts from a single source. In addition to the system and automation competence of Gehring, the product range of copperING forms an ideal basis for supplying lines for e-motor production.
The years of project experience of Gehring in the automotive industry guarantees a reliable order processing in this new business area. The established service network ensures global support for customers.
"The merger with copperING enables us to optimally complement our product portfolio and to respond to the evolving needs of our customers - another step into the sustainable future of the company. We are very much looking forward to our common path", Dr. Sebastian Schöning, CEO of the Gehring Group, stated about the merger of the two companies.
"The merger will strengthen our market position and give us the opportunity to roll out our technologies worldwide. This is a big step for us into a common future", commented Richard Rasp, Managing Director of the copperING Group, on the joint orientation of the two companies.
Through the merger, Gehring's original shareholder PENTA and new minority shareholder Ceterum enable the strategic expansion of the e-mobility business unit and support the management in the further development and accelerative growth of the group.
Gehring Technologies Holding GmbH
73760 Ostfildern, Germany
Geschäftsführer: Dr. Sebastian Schöning, Peter Lang, Silvio Krüger
Original-Content von: Gehring Technologies GmbH, übermittelt durch news aktuell